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(d) On 01 June 2017, Hosterling Ltd, acquired 6 million shares in Amber Ltd paying $3 per share in cash. The summarized statement of comprehensive income for Amber Ltd for the year ended 31 August 2017 are as follows: Revenue Cost of sales Gross loss Expenses Amber $ 000 50,000 (61,000) (11,000) (13,000) (24,000) 4,000 (20,000) Tax credit Loss for the period Notes: (1) The details of Amber's share capital at 01 June 2017 were: Equity shares of $ 1 each Amber $ 000 15,000 (ii) On 01 July 2017, Hosterling Ltd sold goods to Amber Ltd for $ 48 million at a margin of 25%. At the year end, Amber Ltd still held half of these goods as inventory. Required: Calculate the carrying amount of the investment in Amber at 31 August 2017 under the equity method (Associate). [9 Marks]